NYSE Uses Caplin for Xpress Orders
EXCHANGE TECHNOLOGIES
NEW YORK--The New York Stock Exchange has gone live with its Xpress Orders offering from the exchange’s Institutional Xpress suite. Xpress Orders enable institutional orders larger than 25,000 shares routed through SuperDOT to be executed off the trading floor if not filled by a specialist within 30 seconds. This ensures a full order to be executed as a whole instead of being broken up by other market participants.
Roger Burkhardt, NYSE’s chief technology officer, says a gradual rollout is in
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